Another method: Drag the shortcut up to the top dock. Wait about 1 second (don't let go), the folder will close revealing the home page. Drag the shortcut to a new folder or directly to the home page and release.

When dragging to the top dock hold the shortcut in the space between two items.

Pretty much covered - use the system tray as an intermediate buffer between the two folders. If you have a bunch to move, empty the system tray first, move six at a time, and finally redo the tray. Doc Neutron